Adani Energy Solutions Ltd (AESL). India’s private transmission and distribution company announced the completion of the special purpose vehicle (SPV) acquisition of the Khavda Phase-IV Part-A transmission project.
This acquisition came after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd (RECPDCL).
RECPDCL created an SPV called Khavda IVA Power Transmission Ltd, which AESL has taken over to execute the project.
The transmission line is critical in evacuating 7 GW of renewable energy (RE) from Khavda Renewable Energy Park as part of the Phase IV Part A package.
The Khavda IVA transmission line, part of the National Grid, will connect 765 kV double circuit lines from Khavda to Lakadia and Bhuj in Gujarat, with a transformation capacity of 4,500 MVA.
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Mr Kandarp Patel, the chief executive officer of AESL said, “As the world’s largest renewable energy park, Khavda demands power evacuation infrastructure that is not only world-class but also resilient and future-ready.”
He added, “This investment will not only establish the critical transmission network required to evacuate the planned 30 GW of green power that Khavda will generate but also provide the much-needed grid stability. AESL is proud to be part of this initiative as this network will play a very important role in the seamless flow of green energy to the national grid, bolstering India’s journey towards net zero.”
Khavda is expected to generate a capacity of 30 GW, contributing to India’s efforts to reduce carbon emissions.
Additionally, this project will enhance the availability of transmission infrastructure required to evacuate clean energy.
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AESL secured the project through the Tariff-Based Competitive Bidding (TBCB) process.
The project will commence in the next 24 months on a BOOT (Build, Own, Operate, and Transfer) basis, and will be in effect for the following 35 years.
The company plans to invest about Rs 4,091 crore in constructing a 298-kilometer (596 circuit kilometers) transmission project.
The project will also include the installation of a 300 static synchronous compensator (MVAr STATCOM), three 1500 MVA, 765/400 kV Inter-connecting Transformers (ICTs), and bus reactors of 330 MVAr, 765 kV and 125 MVAr, 420 kV.